Date Filter: 2015/8/

Investing Game: Think You Can Beat the Market?

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Aug 31, 2015
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Activity, Behavioral Finance, Index Funds, Investing, Stocks, Activities
Great simulation (on Quartz) for students to see the futility of trying to time the market, which is the belief that you can make good decisions about when to get out of the market (if you think it is overvalued) and to get back in (when you think it is undervalued). I created this two-page mini-activity to guide your students through the game. This simulation uses prices from the S&P500 for a ten year period (this ten year period changes every time you play the game too!) which unfold on...

Audio Resource: What Role Does Fear Play In Investing?

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Aug 31, 2015
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Behavioral Finance, Investing, Audio Resource
From Marketplace (5 minute interview): Here are the questions covered in this interview with a psychology professor: What happens in brain when fear hits (e.g., when stock market drops 1,000 points as it did last week)? How do different people process the fear stimuli? Is our fear response innate or can we teach people to develop a higher tolerance for pain? How does fear impact our decision-making? You might ask students where they fit on the “fight or flight response” continuum and how...

What’s New In Schools?

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Aug 31, 2015
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Personal Finance, Financial Literacy, Schools In News
With schools opening across the country, here’s the latest news on what’s happening with financial literacy: Gooding, a rock and roll band, is touring US high schools to spread their message of financial literacy (Parade): The band, which also includes Jesse Rich on drums and Billy Driver on bass, created Funding the Future, a nonprofit that delivers a message of financial literacy through an engaging music-focused presentation. They’ve been putting on their shows at high schools across...

Which Account Would You Choose?

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Aug 31, 2015
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Question of the Day, Savings, Current Events
Thanks to my colleague, Jessica, for letting me know about this phenomenon of a 10 year CD with an interest rate below a regular savings account.  So, the question for your students is this: Suppose you had $500 that you didn’t think you would need for a long time.  Would you invest in a 10-year CD earning 0.90% or a regular savings account earning 0.75% interest? Some good points for a discussion: Locking into a 10-year CD hurts your option value to invest in a CD with a higher interest...

New Product: Give the Gift of Stock…

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Aug 31, 2015
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Investing, Mutual Funds, Stocks, New Products, Generosity
I just came across this start-up, SparkGift, which allows you to give gifts of stock and index funds to friends and family.  Here  is a summary of their offering from their website: Teach someone about investing Many people don’t have a savings or investment account. Traditional financial firms can make investing complicated. Spark makes investing simple so that young investors can learn the value of investing early and experienced investors can receive gifts that grow their portfolio. A...

August Survey Results: Hot Topics in Personal Finance

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Aug 28, 2015
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Personal Finance, Current Events, Survey Results
If you want to know the hot topics in personal finance classrooms this 2015-2016 school year, who better to ask than a bunch of high school teachers, preparing their curriculum maps for the upcoming year? We asked, and you answered in our August Flash Survey. See the results below. ...

September Flash Survey: Is NGPF meeting your needs?

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Aug 28, 2015
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Flash Surveys
This summer we’ve focused on creating a lot of fabulous new content for you to use this school year. Now that those projects are wrapping up, we want to know where to focus next. Help us by taking this brief Flash Survey to tell us whether NGPF is meeting your needs and how we could be even better. Don’t forget — there’s always a chance of being our $50 gift card winner! Don’t see the survey below? You can also access it by clicking here.   Create your own...

Audio Resource: Want To Bring A Bank To Your School?

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Aug 28, 2015
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Activity, Savings, Audio Resource
From Iowa Public Radio (45 minute podcast): Financial literacy has been required as a part of the 21st-Century Skills portion of the Iowa Core for years. But specifics on enforcing the standard are fuzzy, so personal finance and economics classes vary wildly district to district. Bob Mantell is the director of the T.S. Institute, an organization dedicated to financial literacy for K-12 students, that’s based in Treynor, a southwestern Iowa city of about 1,000 people. His organization puts...

Which Financial Services Companies Get The Most Complaints?

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Aug 28, 2015
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Credit Scores, Question of the Day, Research, Current Events, Chart of the Week, Credit Reports
Answer (from CFPB and Consumerist):  Credit reporting agencies (three of top four) and banks As we have noted previously, 1 out of 4 consumers have errors on their credit reports, which highlights the importance of checking your credit reports every four months (you can get a free report on annualcreditreport.com from each of the three agencies (Experian, TransUnion and Equifax) so spread them out every four months).  Here are the specific complaints being made about the credit agencies: ...

Chart: What Are The 20 Best Jobs For Future?

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Aug 27, 2015
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Career, Research, Current Events
From WSJ: Additional details: If you’re trying to find a career path that might actually have a decent income and a future, you may want to consider becoming a physician assistant, an actuary or statistician or an engineer. Not as keen on math and sciences? Market research, fundraising or even public relations are growing fields with good pay. That’s according to a new report from Young Invincibles, a Washington-based group that represents the interests of young Americans, that dives into...

NGPF Podcast: Tim Talks To Dottie Vollmer, Peer Financial Educator at Indiana University

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Aug 27, 2015
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Behavioral Finance, Budgeting, Credit Cards, Student Loans, Advertising, Current Events, Audio Resource, Podcasts
Thank you to Dottie Vollmer, a Peer Financial Educator, for sharing her expertise with our educator community in this recent podcast.  Dottie counsels college students as a member of the MoneySmarts team at Indiana University. In this podcast, she shares what she has learned in her work with college students on budgeting, student loans and credit cards and answers such questions as: What are the biggest misconceptions about money that college students have? What budget items do college...

Question of the Day: What’s the Average FICO Score Nationally?

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Aug 26, 2015
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Credit Scores, Question of the Day, Research, Current Events, Chart of the Week, Credit Reports
Answer (from Fair Isaac): 695 Nice chart too, showing percentage of consumers within certain credit card bands: The obvious question is why have credit scores been rising..the answer courtesy of NY Times: The rise in the average score is partly because of a drop in seriously delinquent accounts, since payment history is a major component of credit scores. The passage of time also helps, said Ethan Dornhelm, a principal scientist in FICO’s analytic development group: Older, well-managed...

Audio Resource: What’s Wrong With Dow Jones Index?

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Aug 19, 2015
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Index Funds, Stocks, Current Events, Audio Resource
18 minute Planet Money podcast from this spring. Provides students with a better understanding of how the Dow Jones index is calculated and constructed and its shortcomings vs. S&P500 and Wilshire 5000 indices.  Good supplemental resource to use during your investing unit. ——————- Check out the NGPF Investing Activity focused on Asset Allocation using Excel ...

What Jobs Will Likely Be Done By A Machine in the Future?

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Aug 19, 2015
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Personal Finance
Interactive tool on Planet Money allows you to input a given job and see the probability that it will be automated in the future.  Big caveat here of course is that future predictions are prone to error, however, when you look at factors considered, they seem to make sense. I created a mini-activity for students to complete using this interactive.  Here is an example of the output on this tool for the job of Statistician: —————— Check out the NGPF Activity on Completing a Job...

Interactive: What Interest Rate Are People Paying On Their Credit Cards?

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Aug 18, 2015
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Research, Credit Cards, Current Events, Chart of the Week
Answer:  Lots of different interest rates… From NPR.org (if you go to the link, there is a interactive with a slider bar that allows you to see how the distribution of interest rates has changed from 2001-2013): Ask students to provide several takeaways in analyzing this chart. which might include… Wide variation in interest rates on credit cards (from 0% to 30%).  Why?  Explain importance of credit scores. Significant number (6 million) paying 0%.  Be sure to explain the concept of...

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